On September 27, 2023, statistics indicate that 13 cryptocurrency exchanges possess assets under management (AUM) exceeding $1 billion, collectively constituting 14.39% of the crypto economy’s total value of $1.05 trillion.Among these 13 digital currency trading platforms, Binance stands out by maintaining a 42.81% share of the $151.08 billion in cryptocurrency reserves.A Handful of Billion-Dollar Cryptocurrency Exchanges Command $151B in Net Value Data indicates that 13 distinct cryptocurrency exchanges collectively manage a total value of $151.08 billion, with Binance, the leading cryptocurrency trading platform in terms of global volume, maintaining $64.68 billion in reserves, as [reported](https://platform.arkhamintelligence.com/explorer/entity/binance) by Arkham Intelligence’s blockchain explorer.Binance’s holdings include 21.02 billion tether ( [USDT](https://markets.bitcoin.com/crypto/USDT)) and 671,981 [BTC](https://markets.bitcoin.com/crypto/BTC), with a combined value of $38.7 billion.
Additionally, Binance held assets valued at $6.55 billion in [ETH](https://markets.bitcoin.com/crypto/ETH) and $3.21 billion in [BNB](https://markets.bitcoin.com/crypto/BNB) on September 27.Binance’s holdings represent 42.81% of the collective $151 billion in value held by these 13 exchanges.According to Arkham’s [data](https://platform.arkhamintelligence.com/explorer/entity/coinbase), Coinbase controlled approximately $28.91 billion as of September 27, 2023.The exchange holds a significant 946,618 bitcoin ( [BTC](https://markets.bitcoin.com/crypto/BTC)) worth $24.88 billion.
Another $2.69 billion in value is attributed to Coinbase’s [ETH](https://markets.bitcoin.com/crypto/ETH) holdings, and there is $530 million worth of LINK held by the San Francisco-based trading platform.The digital currency exchange Okx [manages](https://platform.arkhamintelligence.com/explorer/entity/okx) a total of $14.37 billion, with $5 billion of that consisting of tether ( [USDT](https://markets.bitcoin.com/crypto/USDT)).Okx also holds $3.52 billion in [BTC](https://markets.bitcoin.com/crypto/BTC), $3.16 billion in OKB, and $1.64 billion worth of [ETH](https://markets.bitcoin.com/crypto/ETH).On September 27, Bitfinex [held](https://platform.arkhamintelligence.com/explorer/entity/bitfinex) $11.70 billion AUM with 225,231 [BTC](https://markets.bitcoin.com/crypto/BTC) worth $5.92 billion.
The exchange also holds another $3.22 billion in ether.Robinhood holds $6.27 billion total and $3.19 billion of that value is in bitcoin ( [BTC](https://markets.bitcoin.com/crypto/BTC)).Around $2.74 billion of Robinhood’s [cache](https://platform.arkhamintelligence.com/explorer/entity/robinhood) consists of [ETH](https://markets.bitcoin.com/crypto/ETH) holdings.Robinhood also commands $251.55 million in SHIB and $35.70 million in LINK.
Among the five aforementioned exchanges, the trading platforms collectively hold $125.93 billion of the $151 billion aggregate.The total reserves among the top five out of 13 equate to 83.39%.There’s also Kraken, with its [treasure chest](https://platform.arkhamintelligence.com/explorer/entity/kraken) of $5.96 billion; Bybit, [boasting](https://platform.arkhamintelligence.com/explorer/entity/bybit) a hefty $4.51 billion; Crypto.com, [guarding](https://platform.arkhamintelligence.com/explorer/entity/crypto-com) a cool $3.61 billion; Gemini, with [coffers](https://platform.arkhamintelligence.com/explorer/entity/gemini) holding $3.11 billion; HTX, formerly known as Huobi, [possessing](https://platform.arkhamintelligence.com/explorer/entity/huobi) $2.89 billion; Kucoin, with a [substantial](https://platform.arkhamintelligence.com/explorer/entity/kucoin) $1.89 billion; Deribit, [holding](https://platform.arkhamintelligence.com/explorer/entity/deribit) $1.79 billion; and Upbit, with a [stash](https://platform.arkhamintelligence.com/explorer/entity/upbit) of $1.32 billion.The latter eight exchanges command a slice of 16.61% of the $151 billion pie held by this select cadre of exchanges.
What do you think about the 13 crypto exchanges that hold more than 14% of the crypto economy’s net worth? Share your thoughts and opinions about this subject in the comments section below..
